Eigenpie announces EGP token economic model, 11% for airdrop

Ethereum liquidity re-staking protocol Eigenpie announced the token economic model of EGP on X. The total supply of EGP is 10 million, which can be locked as vlEGP in Eigenpie to participate in protocol governance. The specific distribution of EGP is as follows: 34%: Magpie Launchpad IDO (private round); 2%: Magpie Launchpad IDO (public round); 1%: third-party Launchpad; 2.77%: CEX listing; 15%: Magpie Treasury; 15%: community incentives; 11%: airdrops; 5%: liquidity; 5.34%: strategic investors; 8.89%: ecosystem; Eigenpie announced that it had obtained strategic investment and completed seed round financing. The specific amount has not been disclosed. Arbitrum Foundation, Robot Ventures, PancakeSwap, Relayer Capital and Bitget CEO Gracy Chen, Frax Finance founder Sam Kazemian, Zircuit co-founder Angel Xu, GMX core contributor coinflipcanada and others participated in the investment.